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20110701
20110731
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MSNBC 6
MSNBCW 6
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English 12
Search Results 0 to 11 of about 12 (some duplicates have been removed)
MSNBC
Jul 29, 2011 4:00am EDT
writes, get this, $80 million different checks. for everything from big ticket items like social security, veterans benefits, and nondefense contracts, to smaller payouts, to folks who are, for example, victims of black lung disease, or people who are railroad retirement board pensioneers. it's 80 million checks every single month. and, again, only about half the money they'll need to make good on all of those payments. so what does treasury do? who gets paid? who doesn't? the bipartisan policy center has laid out a possible scenario in which the treasury department only pays the following bills in august. interest on our debts, social security benefits, medicare and medicaid, defense contracts, and unemployment benefits. just paying those bills, just those, not everything we owe, just those, brings us to about $172 billion. which if you'll remember is all the money that they will have on hand. if only those programs get paid, here, my friends, is what doesn't get paid. military pay for active duty soldiers, veterans affairs programs, salary and benefit for federal employees, department o
MSNBC
Jul 25, 2011 9:00pm EDT
is a big part of the reason why. before i served in congress, i ran a small business in ohio. i was amazed at;h$ow different washington, d.c. operated than every other business in america, where most american businesses make the hard choices of paying their bills and living within their means, in washington, more spending and more debt is business as usual. i've got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another routine increase in the national debt, but we in the house said not so fast. he was a president asking for the largest debt increase in history on the heels of the largest spending increase in history. here's what we got from that massive spending binge, a new health care bill most americans didn't ask for, a new spending bill that's more useful for producing material for late night comedians than jobs, and a debt that sparked a crisis without precedent in my lifetime or yours. the united states cannot default on its debt limitations. what we told the president in january was this, the american
MSNBC
Jul 26, 2011 9:00pm EDT
through default, it won't be a big deal. now, john boehner doesn't believe that, mitch mcconnell doesn't believe that, but boehnor seems unable to move toward any kind of agreement, partly because he's worried about his own fate in this caucus or he's worried that if he puts together a deal that is supported by too many democrats and not enough republicans, he's also threatened. so i think it's that internal politics in the republican caucus that's blocking this. i think what might happen is that mitch mcconnell may decide to let harry reid pass his plan without threatening a filibuster. now, if he did that, the democrats could get it through with a majority. that's how most democracies do things, but not our senate, and that may set up grounds for a solution. that's about the only thing i could see right now that might begin to get us out of this or at least begin real negotiations again. >> so, speaking of that, of the idea there is, in fact, a majority rule, and that there's so much politics going on here, look, we saw this reuters poll indicating a majority of voters favor presiden
Search Results 0 to 11 of about 12 (some duplicates have been removed)